The following article contains a number of insights covered in Chapter 2: http:/
ID: 414463 • Letter: T
Question
The following article contains a number of insights covered in Chapter 2:
http://fortune.com/2015/10/13/biggest-culprit-in-volkswagen-emissions-scandal/
Leaders should be careful to not create an environment in which pressures to meet the company's financial objectives dictate or override the company's strategic objectives. Remember, strategic objectives may cover a range on non-financial concerns such as social responsibility, employee wellness, customer safety, product quality, environmental stewardship and corporate reputation. The author of this Fortune article contends that VW may have created a culture in which profit maximization may have trumped employee and managerial integrity.
Keep this in mind as you continue to build on your individual career-based strategic plans. I mentor and coach a lot of students and professionals who make career decisions based on how much money a particular career opportunity presents. I can't tell you how many of them chose a career path because of how much it pays, but at the expense of other strategic concerns such as happiness, passion, health, family, learning, future career mobility, etc. I know it's easy for me to say, but never allow money to compromise your non-financial goals. Do what you love and do what is right---and the money will follow.
Respond to the following prompt below:
How are you ensuring that your strategic objectives are guiding your financial objectives (and not the other way around)?
Explanation / Answer
To ensure strategic objectives are guiding financial objective, following steps should be taken:
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